Abstract Though hedonic regression remains a popular technique for estimating property values, structural equation modelling (SEM) is increasingly seen as a realistic analysis alternative. The presentation concerns an SEM analysis of a historical dataset for a large Canadian realtor. An iterative approach was adopted for the modelling, the first phase focusing on internal relationships between...
Abstract: Buying a home and getting a mortgage are often considered to be the largest financial decisions that consumers make. Despite the importance of these decisions, almost half of U.S. homebuyers seek only one mortgage offer before selecting a mortgage. Homebuyers who fail to comparison shop may end up with mortgage loans that are unnecessarily...
Abstract People fail to perceive the role of randomness in their lives and prefer to “explain” their experiences with a causal narrative. This is probably the reason why in situations of indeterminacy, where people agree that there are no decisive arguments favouring one alternative to another, they are still strongly opposed to resolve the dilemma...
Abstract: Recent research has explored the effects of two affective influences within models such as the theory of planned behaviour and reasoned action approach: experiential attitude and anticipated affect. Published and new primary and meta-analytic data supporting the role of these two affective variables on health behaviour will be presented. The correlational data uses prospective...
Abstract: People often ignore information that would otherwise have been beneficial to them, e.g. health- or safety information. We describe a new method for guiding eye movements to such information by controlling whether the information appears in a predictable or unpredictable location. Unpredictable locations enhance eye movements by making it more difficult to ignore the...
Abstract We present some ongoing research which attempts to connect more decision-making areas (e.g. individual differences in judgment and decision-making - JDM, behavioural decision-making - BDM, decision-making competence - DMC, debiasing) to I/O psychology domain. During the seminar we try will to answer questions such as: Can organizational assessment benefit from studying individual differences in...
Abstract: We report results from an eye-tracking experiment designed to study a violation of revealed preference predicted by salience theory: Individuals choose a low quality good with a low price level and a high quality good with a high price level, despite the price of the quality premium being held constant. Subjects exhibited a significant number of such preference...
The effects of time pressure on cognitive strategy, affect and hindrance/challenge appraisals underpinning managerial decision making